Company owners of businesses can formally establish a set up a business new company in the UAE by registering it. There are steps involved in the company registration procedure.

The approval of the company name is the first step in the registration process. The following stages include business activity, document filing, and trade licence acquisition. The company registration procedure is nearly identical in Dubai and the other Emirates.

It is important to note that the Offshore, Mainland, and Free Zone are the topmost commercial jurisdictions for registering a company in the UAE. Here, Company Setup Packages are many.

Your company in Dubai can be launched in Mainland or Free Zone Jurisdiction as there are numerous packages available. The formation costs of a business entity vary depending on the business activity selected for and the location of the business within the UAE.

Formation of Company Depends Upon Jurisdiction

These are the top three commercial jurisdictions in the United Arab Emirates for company registration. They are the Offshore, Free Zone, and Mainland.

There are several company setup packages available to launch your company in Dubai, both in Mainland and Free Zone jurisdictions. Depending on the chosen business activity, the cost of forming a company in the United Arab Emirates varies among business jurisdictions.

The Ministry of Economy’s most recent update is changing company registration in the United Arab Emirates mainland. For the UAE Mainland, the majority of these sectors’ 100% foreign ownership is revolutionary. There are very few industries where a 100% foreign ownership option is not available.

You can also establish offshore companies and free zones with 100% ownership. Nonetheless, they differ in certain aspects.

Moreover, there are differences between the laws that govern businesses and how they operate. In Free Zones, the minimum fee for registering a company in the United Arab Emirates is AED 6,876. Depending on the facilities and availability of visas, this cost may change.

STEP BY STEP GUIDE FOR UAE COMPANY REGISTRATION

There are stages to properly register a company in the United Arab Emirates. In the UAE, TVG Consultancy and Management will take care of the entire business registration procedure. Up until and beyond the investor receives the company documents, the Team offers unrivalled support.

Selecting the appropriate trade name is the first step in the company registration process. Obtaining the trade name approval from the relevant authorities is the next stage.

Next, the investor needs to select the appropriate business venture by their trade licence. They can therefore lawfully begin conducting trade with the selected business activity once the Trade License is in effect.

The business owner has to submit the application form and any necessary supporting documentation in the following step. The investor profile and the supporting paperwork will be examined by the Trade Licensing Authority. The trade licence payment is the responsibility of the business owner.

Below are the procedures for establishing a company in the United Arab Emirates.

BUSINESS ACTIVITY APPROVAL & COMPANY NAME

Decide on the business activity and name of the company. The authority must authorise the Trade Name before the company registration process can begin.

TVG Management and Consultancy will arrange, prepare, and submit the necessary paperwork for the company name and business activity approval. It is a crucial phase in the Dubai company registration procedure. In Dubai, United Arab Emirates, choosing a business activity is a crucial step in the company registration process. The list of chosen activities will be mentioned in the trade licence. The company can trade in the specified business activity legally.

Submission and Coordination of Documents

Collect the required documents which should include shareholder info and look for a way to present them to the relevant authority. In UAE, a company may be set up without the shareholders being present.

The processing of the firm licence and other paperwork will be coordinated by the TVG Management and Consultancy team. In the shortest amount of time possible, the team guarantees a simple company registration.

VISA APPLICATION FOR RESIDENCY

After application of the trade licence and the company documentation reviewed by the business owner, one can apply for a UAE resident visa. Investors can get a golden visa so as to ensure their extended stay in UAE.

TVG Management and Consultancy intends to apply for a UAE Residence Visa and an immigration card for the company. The application for a residence visa will be prepared for the investors with help from our Businessmen PRO Agents. Along with coordinating the visa processing with government authorities, our team also assists with organising supporting documentation.

Processing of residency visas and Emirates ID

The investor must travel to the UAE to do the medical test and get the Emirates ID biometric. The investor must have an in-country medical examination for the Emirates ID application to be processed.

They can start the process of getting a UAE residency visa after the medical exam is over and the Emirates ID application is submitted. All visa paperwork, processing, stamping, and expedited passport delivery to the investor will be taken care of by our experienced PRO Agents.

The investor’s application for a UAE residence visa will begin upon the completion of the medical examination and submission of the Emirates ID application. Our knowledgeable PRO Agents will handle all visa paperwork, processing, stamping, and expedited passport delivery to the investor.

Assistance in opening a bank account

We efficiently collaborate with UAE banks to open business and personal bank accounts. As part of KYC Compliance, the physical presence of shareholders is required when opening a corporate bank account.

Bank verification requires the presence of an Investor. To open a bank account from a distance, all necessary documents need to be filled out. For an actual request regarding a bank account opening to be made, there is an essential requirement for a UAE ID card and also a resident visa.

As a result, within one trip to the UAE, an investor may undergo a medical checkup, give away his biometrics for his UAE ID, and apply for a corporate bank account.

Choose the best business advisors, like TVG management and consultancy, to represent and handle business on your behalf. Receive expert advice in all areas about business registration and associated support services from our professionals.

Every investor’s unique business requirements are handled by specialised PRO Service Agents. For the investors’ convenience, the team will handle paperwork processing, company registration, collecting, and delivery.

The price of registering a company in Dubai

The cost of forming a company in Dubai is often simple, with no additional fees. The cost component is primarily divided into the following headings: business licence, immigration, processing of visas, and documentation and attestation.

The relevant authorities would need to provide further approvals and document clearance for certain commercial activities. For carrying out the services related to company formation and PRO Services, business consultants will charge a service fee.

A civil business with a virtual office and a one-year trading licence costs between AED 25,000 and AED 29,000 to register in Dubai. Low-cost business establishment will be guaranteed by TVG management and consulting.

Office rent and visa fees are two more significant startup costs for businesses in the United Arab Emirates.

The following is the breakdown of costs for registering a company in Dubai

ESSENTIAL DOCUMENTS FOR DUBAI LLC COMPANY REGISTRATION

To set up a company in the UAE, it is necessary to design and fill in forms and papers properly. Investors must choose the right business activity, pay the trade licence fee, and submit the required documentation.

·         Application form

·         Passport Copy

·         2 Photographs (white background)

·         NOC if already in UAE residency visa

·         Tenancy Contract Copy

·         Location Map

·         Designation Details: – Higher Designation Requires Degree Certificate (Attested)

Online Company setup in Dubai

It is very easy for entrepreneurs around the world to register their businesses in Dubai from the comfort of their homes. An online business registration can come up with several benefits. Registering a business online is also one of the great benefits of registering a company in the free zone.

The knowledgeable business consultants at TVG Management and Consultancy will help with every step of the UAE company registration procedure. The Team will help investors with a range of administrative responsibilities.

Preparing the application, selecting the appropriate business licence, selecting activities, etc. Additionally, our PRO agents assist with obtaining specific permissions, submitting the necessary paperwork to the Free Zone administration, and more.

Investors can also get assistance in opening corporate bank accounts from TVG management and consultation. We also assist with trade finance in the UAE, Emirates ID processing, and Customs Registration. By following the instructions, you can register your corporation online with ease.

FOR ORIGINAL BUSINESS CONSULTING CONTACT TVG Management and consultancy

Receive professional business consulting from TVG Management and Consultancy’s team of business consultants. Based on the particular needs of the customer and the state of the market, the team will offer the best business advice.

 The choice of business activities and trade names

The firm and the trade activities it will undertake require the selection of an appropriate trade name. Based on the unique business needs of the investor, TVG Management and Consultancy will help choose the best Trade Name, business licence, business activity, and company jurisdiction.

DOCUMENTS SUMMARY TO TVG MANAGEMENT AND CONSULTANCY

The investor will need to email the supporting documentation to the TVG Management and Consultancy staff. The shareholder’s resume, passport copy, picture, and synopsis of the business must all be shared. When the application is ready, TVG management and consultancy will send it to the investor for approval. The documents will be sent to the relevant licensing body following their examination and verification.

COLLABORATION WITH THE AUTHORIZATION BODY

The TVG Management and Consultancy Business Consultants will arrange with the relevant licensing authorities. The group will get ready to apply, turn in the necessary paperwork, monitor the process, and notify investors of the firm licence’s current status.

To establish a business in the United Arab Emirates, an investor does not need to be physically present. Having served as the registered agent, TVG management and consultancy will conduct all the required checks and actions on behalf of the investors.

International investors can register their companies online by partnering with TVG management and consultancy. They can process the company registration in the United Arab Emirates by submitting our staff the necessary paperwork online. To issue the trade licence to the investor, our staff will work with the relevant Free Zone authority.

Written by

Arsal